The ACD Method

If you want to trade that, you really also want to be watching the Brent/WTI spread. As long as the spread is coming in, it's bullish for WTI. If it starts to widen out again, WTI could see more selling pressure.

 

Maverick74, how can one track brent/wti spread in TOS. I mean in terms of settings- since you use TOS.

Thx.

 

Use prophet charts and track the ratio of BNO over USO.

I attached the chart with the settings.

 

no official link, sent you a pm

 

Oil looking like it may try to go green today. Holding a decent bid.

 

Made a different use of acd today, entered a long position I wanted based on daily charts. My stop loss was an a down. It ran 100 pips so I took half off and am letting the rest run unless I get that a down.

 

aapl ticking up here

 

Still think we get failed A downs today. My A down on ES is 1184.25.

 

Weekly A down for Gold is 1680.

 

NYSE volume in 1st hour is 27% under the 3 month avg. Appears the selling is futures driven.